BUZZ-Leap tumbles on discontinuation of gastric cancer treatment trials

Reuters

2025/01/28

** Shares of drug developer Leap Therapeutics LPTX.O fall 67.1% to 74 cents premarket

** Co says it will not move forward with late-stage trials of its drug, sirexatamab, in patients with gastric cancer

** Says drug will show negative results for ongoing mid-stage trial's main goal of progression free survival when study completes

** Will explore partnership opportunities to test sirexatamab in combination with a type of cancer drugs called anti-PD-1 antibodies for treatment of gastric cancer and other diseases

** Up to last close, stock down 7.8% YTD

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

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